Australian Industry Group Performance of Manufacturing Index down 2.4 points to a still very strong 60.8

  • prior 63.2
  • the tenth consecutive month of recovery (i.e. above 50)

Record highs reached for:

  • machinery & equipment
  • metal products
  • chemicals manufacturing

sectors.

All seven of the activity indicators expanded in July

  • three moderated slightly from the previous month
  • The new orders index remained elevated but fell from a record high in June

On the inflation indicator front, a new high for the input price index. Says the AiG report:

  • Respondents attributed surging activity and prices to strong demand for manufactured products that supply the construction, mining, agricultural and transport sectors.

More:

  • Continued uncertainty due to rolling lockdowns have led to order cancellations and / or postponements for some manufacturers.
  • Manufacturers reported concerns about lockdowns. supply chain disruptions, input costs and difficulties finding suitable staff in July.

Bolding mine, familiar themes right around the world these.